The global feed enzymes market size is estimated to be valued at USD 1.2 billion in 2019 and is projected to reach USD 2.0 billion by 2025, recording a CAGR of 9.1% during the forecast period. The provision of cost-effectiveness in the usage of feed and increasing demand for animal-based products, such as meat products, dairy products, and eggs, are primarily driving the industry growth for feed enzymes.
The feed enzymes market is driven by advancements in the animal feed industry, such as the implementation of new technologies, including new enzyme production processes, and government regulations propelling their usage. Along with this, factors such as an increase in the demand for livestock products, ban on antibiotics by the European Union (EU), and rise in awareness regarding animal health and feed quality, are driving the market for feed enzymes, globally.
Based on type, the feed enzymes market has been segmented into phytase, protease, and carbohydrase. The carbohydrase segment is projected to be the fastest-growing segment during the forecast period, due to the high amounts of energy released by the hydrolysis of carbohydrates. Key carbohydrase enzymes include amylase and xylanase and are used to improve the digestibility of carbohydrates in feed ingredients. This improved digestibility increases the availability of energy in the small intestine to help promote growth and other production processes.
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By livestock, the feed enzymes market is segmented into ruminants, swine, poultry, aquatic animals, and others. The poultry segment is projected to grow at the highest rate during the forecast period since poultry intensively consumes enzymes for better gut health and have a high feed conversion rate as compared to other livestock types. Additionally, poultry population growth, which has doubled in the last two decades, according to the Food and Agriculture Organization of the United Nations (FAO), is supporting the high growth rate of the poultry segment.
The key players in the feed enzymes market include BASF SE (Germany), DowDuPont (US), Koninklijke DSM N.V (Netherlands), and Bluestar Adisseo (China).
BASF SE is one of the leading players in the feed enzymes market. It develops and produces feed enzymes—under its performance products segment—for poultry, ruminants, swine, aquaculture, and companion animals. It has operations in more than 90 countries and operates through its subsidiaries. The company operates across four regions, i.e., North America; Europe; Asia Pacific; and South America, Africa, & the Middle East. It has more than 100 production and research and development sites across North America. The major products of BASF SE include Natugrain TS, Natuphos, and Natuphos E.
- In March 2019, the company launched the next-generation phytase, Natuphos E, in Indonesia. This phytase would help release efficient phosphorus, energy, and amino acids in the livestock. It would also promote the growth of swine and poultry in the country.
In September 2017, Dow merged with DuPont and started operating as a single entity, DowDuPont. This merger brought together complementary portfolios of two innovative companies, which were major players in the agriculture, material science, and specialty product industries. However, after the completion of DowDuPont dissolution in 2019, the company split into three major divisions, namely, agriculture (Corteva), specialty products (DuPont), and materials science (Dow), wherein animal nutrition products are offered under its DuPont entity. DuPont has subsidiaries in nearly 90 countries worldwide and has its manufacturing operations in nearly 50 countries. The company operates in the feed enzymes market through its subsidiary, Danisco A/S (Denmark). The animal nutrition segment of DuPont provides innovative enzymes, natural betaine, and probiotic feed technologies for poultry, swine, ruminant, aquaculture, and others. Under feed enzymes, the company also focuses on launching new products in 2019 as compared to the years prior, due to which it has been able to strengthen its position in this market. For instance, DuPont, under its animal nutrition segment, launched Axtra PHY, the latest generation of phytase enzymes in Japan.
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Koninklijke DSM N. V’s businesses are grouped into three clusters, namely, nutrition, materials, and innovation center. The nutrition segment comprises DSM Nutritional Products (Animal Nutrition & Health, Human Nutrition & Health, Personal Care & Aroma Ingredients, and Pharma Solutions), DSM Food Specialties, and DSM Hydrocolloids. The company provides feed enzyme products under the animal nutrition and health segments to poultry, swine, aquaculture, ruminants, and others. It has also entered into an alliance with Novozymes A/S (Denmark) to help expand its presence in the feed enzymes market. It is present in 68 countries across five continents. In 2019, DSM launched Balancius at the 22nd European Symposium under its poultry nutrition (ESPN 2019) segment to strengthen its product portfolio in Europe.
